MEGA FIRST CORPORATION BHD

KLSE (MYR): MFCB (3069)

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Last Price

4.38

Today's Change

+0.02 (0.46%)

Day's Change

4.30 - 4.44

Trading Volume

251,700


17 people like this.

3,689 comment(s). Last comment by Willtolive 3 days ago

michaelwong

3,072 posts

Posted by michaelwong > 2017-06-06 22:11 | Report Abuse

The TP set is 4.50 and takes some risks to get in either win or loose .

michaelwong

3,072 posts

Posted by michaelwong > 2017-06-08 11:02 | Report Abuse

End game no more power and getting weaker

weezy

27 posts

Posted by weezy > 2017-06-09 12:31 | Report Abuse

buy buy buy

xiaoxiami

331 posts

Posted by xiaoxiami > 2017-06-12 03:43 | Report Abuse

according to latest sinchew news as link posted above
once the hydropower plant in DOn Saho completed , will produce 2000 gigawatt per year
which is equal to 2000000000 kilowatt , which will ensure rm500 million revenue yearly , as stated by director

i had google the local laos tariff , which is around 350 kip per kilowatt per hour
which 2000000000kw x 350 kip = rm 300-400million ( i use to lowest average electrical tariff in laos , u all can just google this info )

from the 2016 annual report , the PBT for power section is around 22% ( minus off the construction profit from don saho project )
lets assume the revenue from don saho will be rm500million , x 22% = around rm100million PBT

so after all , is this Don Saho project still alluring as stated by public invest house ?
with current power section from china and tawau plant , MFCB already achieve close to rm100million PBT in his power section (to be exact , around Rm80million for finanical year 2016 )

so after all , MFCB is merely replacing their china and tawau sector with this don saho hydro power plant

the most profitable sector is still their resources sector

we can see in latest announcement company also intend to diversify into ???? coconut planting business ( er = =!!! )

so will this don saho project contribute double or trifold in company profit ? ..... after all i dont think so


above is just my humble opinion and calculation
correct me if i am wrong :)

mamipoko

98 posts

Posted by mamipoko > 2017-06-22 15:22 | Report Abuse

Xiao Xiao, you are correct that the don saho hydro project does not actually contribute to a double or trifold profit. I don't think this was meant to be in the first place. The project is merely a contributing factor to a more stable earnings over the next few years and possibly provide them the capability to take on bigger jobs going forward. If you look at the profit projections of public bank, it does not project for an exponential growth in profit for FY18 onwards. Construction is only at 25% for now and with watever remaining on its existing contracts, hopefully we see a similar or even better profit this next 6 months.

mamipoko

98 posts

Posted by mamipoko > 2017-06-29 16:35 | Report Abuse

sleeping giant is awake...

evantlc

3 posts

Posted by evantlc > 2017-06-29 16:49 | Report Abuse

Finally it up back

optimus9199

2,794 posts

Posted by optimus9199 > 2017-06-29 18:29 | Report Abuse

Up up.

Posted by Pacikpahang > 2017-06-29 19:28 | Report Abuse

What is the current PE for MFCB. What is company's market cap?

Posted by Harvard Tan > 2017-06-30 04:12 | Report Abuse

Can someone explain.?Why MFCB profit increase a lot compared to last quarter.. but,it EPS does not increase much

optimus9199

2,794 posts

Posted by optimus9199 > 2017-06-30 06:58 | Report Abuse

Mfcb market cap. RM 1.5billion,PE at 11x

EPS down despite higher net profit due to conversion of warrants which will expire 2020.

Posted by theintinvestor > 2017-08-02 13:58 | Report Abuse

guys any forecast on coming quarter results? thanks

Bigbull99

1,104 posts

Posted by Bigbull99 > 2017-08-02 16:58 | Report Abuse

Profit should be around 37-45mil, nothing more. Although I hope it would be more. The giant has awaken. Brace for more hike!

mamipoko

98 posts

Posted by mamipoko > 2017-08-09 15:53 | Report Abuse

ya.......MFCB needs to break that RM4 barrier

Posted by Ch'ng Hoon > 2017-08-13 15:56 | Report Abuse

Yesterday. PBB introduce MFCB at thier SP seminar.

tuantay

47 posts

Posted by tuantay > 2017-08-16 21:44 | Report Abuse

Hi Ch'ng Hoon. What PBB introducing about MFCB ? Any new TP ?

newbird77

145 posts

Posted by newbird77 > 2017-08-24 18:57 | Report Abuse

Why this counter dropped badly ah?

Bigbull99

1,104 posts

Posted by Bigbull99 > 2017-08-24 19:27 | Report Abuse

I liquidate already, something is not right with the company. Better exit before they announce the bad news and it will sink to RM3.

markgor

69 posts

Posted by markgor > 2017-08-25 17:58 | Report Abuse

congra all the shareholder, result out , tomorrow fly

kenken85

724 posts

Posted by kenken85 > 2017-08-25 18:01 | Report Abuse

drop badly because ppl scare. hahha. normal human response. sad.. no chance to buy liao.

apolloang

18,163 posts

Posted by apolloang > 2017-08-25 18:04 | Report Abuse

where got drop badly from 1.70 up till 4.00 now 3.50 only not even break 3.00 down badly?

Posted by theintinvestor > 2017-08-25 18:08 | Report Abuse

lack of news from management make shareholder lost confidence. the results speak for itself... if no weak holders then no volatility in sharemarket. :)

optimus9199

2,794 posts

Posted by optimus9199 > 2017-08-25 19:03 | Report Abuse

wonderful results! Monday will fly to the moon

Posted by mamakspecial > 2017-08-26 13:08 | Report Abuse

Bigbull99..you really big bull 99..lol

Posted by Fabien Extraordinaire > 2017-08-26 13:39 | Report Abuse

Bigbull99 I liquidate already, something is not right with the company. Better exit before they announce the bad news and it will sink to RM3.
24/08/2017 19:27

May i ask what is not right with the company? What kind of bad news are u referring to?

Anyway, best wishes in your investment journey. And don't come back here since u no longer hold MFCB shares.

optimus9199

2,794 posts

Posted by optimus9199 > 2017-08-28 09:27 | Report Abuse

up up up!!!

Posted by Abu Adam > 2017-08-28 09:50 | Report Abuse

target rm4.00 by sept

xianchua

54 posts

Posted by xianchua > 2017-08-28 12:49 | Report Abuse

no money to average down the price

andr

460 posts

Posted by andr > 2017-08-28 22:55 | Report Abuse

xianchua, why do you need to tell us your personal financial affairs publicly?

hoteye

4 posts

Posted by hoteye > 2017-08-30 02:35 | Report Abuse

why share price keep falling .. but result doing good??? any one please tell?

MrKiasu

41 posts

Posted by MrKiasu > 2017-09-02 17:34 | Report Abuse

Hoteye, I think the recent falls in share price is due to the below 4 issues:
1. The Power Purchase Agreement with Sabah Electricity S/B is going to expired on 2nd Dec 2017.
2. China Power Plant will remaining weak in demand & cost increase due to the tightening environment policy.
3. Increase of debt.
4. Slow down of Don Sahong Hydropower construction due to the local raining season on May- Oct 2017.

ong4965

23 posts

Posted by ong4965 > 2017-09-04 16:40 | Report Abuse

Mr Kiasu... Good answer.

hoteye

4 posts

Posted by hoteye > 2017-09-05 05:38 | Report Abuse

OK... Thanks .

kenken85

724 posts

Posted by kenken85 > 2017-09-06 11:17 | Report Abuse

sales or gg? haha

Aaronn

1 posts

Posted by Aaronn > 2017-09-06 11:58 | Report Abuse

how come suddenly drop so much

mentos512

287 posts

Posted by mentos512 > 2017-09-08 12:37 | Report Abuse

any good news?

Posted by tanhengjin > 2017-09-08 14:55 | Report Abuse

good counter, low pe, result good but price go down past few days, collect more.

davidqsk

156 posts

Posted by davidqsk > 2017-09-08 14:55 | Report Abuse

Profit up. 2Q eps 10.33 against 1Q 9.8.

davidqsk

156 posts

Posted by davidqsk > 2017-09-08 15:06 | Report Abuse

Public invest TP is 4.48. Still got room to appreciate.

Posted by tanhengjin > 2017-09-08 15:13 | Report Abuse

project ahead 3 monthsprogression. why worry friends.. all fastern seat belt

mentos512

287 posts

Posted by mentos512 > 2017-09-08 15:21 | Report Abuse

last few days...keep on dropping but today rebounded strongly..any good news for the rebound?

Posted by tanhengjin > 2017-09-08 16:47 | Report Abuse

buy at own risk, PE still below 10

kenken85

724 posts

Posted by kenken85 > 2017-09-08 17:08 | Report Abuse

so is sales not gg. haha. too bad only collected one piece.

10bagger10

1,007 posts

Posted by 10bagger10 > 2017-09-09 09:10 | Report Abuse

哇!

Posted by akulamatata > 2017-09-10 13:57 | Report Abuse

Luckily buy at lower,can't believe such good.fundamental company can drop so much,shake weak holder b4 spur

optimus9199

2,794 posts

Posted by optimus9199 > 2017-09-11 09:30 | Report Abuse

Directors bought up alot of MFCB shares < 3.40 recently, they must had been laughing at those people that sold down the shares so badly

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